Mexico Becomes Latest Country to Regulate Cryptocurrency

Recently Mexico's Congress have approved new legislation that will allow the government to regulate the country's fin-tech sector, with special provisions that address cryptocurrencies and crowdfunding. By doing this, Mexico joins a couple of other nations to create proactive measures to regulate cryptocurrency/digital assests.

Earlier this week, Mexico's lawmakers in the lower Congress approved new regulations targeting financial technology. The bill has the dual mandate of promoting financial stability and cracking down on money laundering. This includes measures that will give cryptocurrencies room to grow.

This bill was approved by the Senate back in December before making its way to the lower house for the vote. Now all it needs is the official sign-off from President Enrigue Pena Nieto.